IBOV 185,629.04 ▼ 0.93% IPSA 11,370.36 ▼ 0.39% IPC MEX 64,814.97 ▼ 0.39% MERVAL 3,110,163 — 0.00% COLCAP 2,584.02 ▲ 0.57% BVL PERÚ 60,246.14 ▲ 0.76% USD/BRL5.11— 0.00% USD/MXN16.92▲ 0.12% USD/CLP931.52▲ 0.42% USD/COP3,100▼ 0.54% USD/PEN3.35▼ 0.19% USD/ARS1,514▲ 0.12% USD/UYU40.22▲ 3.03% USD/PYG5,869▲ 1.64% USD/BOB12.58▲ 3.76% USD/DOP58.63▲ 2.14% USD/CRC448.95▲ 2.03% USD/GTQ7.63▲ 3.05% USD/HNL26.84▲ 3.17% USD/NIO36.62▲ 0.34% USD/VES825.67▲ 0.80% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.70▲ 1.87% EUR/BRL5.94▲ 0.55% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 185,629.04 ▼ 0.93% IPSA 11,370.36 ▼ 0.39% IPC MEX 64,814.97 ▼ 0.39% MERVAL 3,110,163 — 0.00% COLCAP 2,584.02 ▲ 0.57% BVL PERÚ 60,246.14 ▲ 0.76% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Thursday, September 10, 2026

Constitution Rewrite Talk Returns, Pulling Colombia’s Election Back Into Petro’s Orbit

By · December 29, 2025 · 2 min read

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “YPF sells US$1.2bn bond, Argentina's biggest since 2015”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

Key Points

  • Petro allies have launched a signature drive linked to a Constituent Assembly, but it does not summon one.
  • With March elections near, the petition doubles as a campaign organizing tool.
  • Congress and voters still control the outcome through strict constitutional thresholds.

Colombia’s 2026 race was drifting toward plans and proposals. Then President Gustavo Petro’s camp revived the idea of rewriting the 1991 Constitution.

On December 26, a committee promoted by Labor Minister Antonio Sanguino registered with the Registraduría to begin collecting signatures for a National Constituent Assembly.

Registration is not a referendum. It is permission to gather names and, if enough are validated, to push the next Congress to debate the proposal. Our reporting has shown that this signature drive doubles as a campaign organizing tool ahead of the March elections, a pattern consistent with Petro’s history of leveraging constitutional reform rhetoric for political mobilization despite his 2022 pledge not to change the Constitution.

The signature bar is high: about 5% of the electoral roll, often framed as 2–3 million signatures. One reported target is at least 2.5 million. Allies also float 10 million supporters as a show of force.

The timing is where politics overwhelms procedure. On March 8, 2026, Colombians elect a new Congress and vote in coalition primaries. A petition drive in that window keeps volunteers mobilized and keeps Petro central to the campaign.

Constitution Rewrite Talk Returns, Pulling Colombia’s Election Back Into Petro’s Orbit.
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

Petro argues the assembly will not occur “in the electoral period.” He says any bill would be presented only after July 20, 2026, when the new Congress is sworn in.

Electoral Push Adds Pressure on Colombian Institutions

Critics respond that the legal step may come later, but the electoral benefit arrives now, bringing uncertainty and pressure on institutions. Colombia’s Constitution also sets brakes. Congress must pass a law defining an assembly’s scope and rules.

Then voters must approve calling it by at least one-third of the electoral census—often translated as around 13 million “Yes” votes. The government’s draft bill for a National Constituent Assembly described in major coverage proposed an assembly composed of 71 elected delegates, and did not limit the process to a three‑month session with a single Yes/No question, but instead contemplated a fuller law detailing members, issues, election system, and dates.

Opponents, including former 1991 assembly member Humberto de la Calle and Bogotá’s Cardinal Luis José Rueda, say a foundational rewrite should not be turned into an election-season weapon.

Nothing here is invented. Every figure and claim comes from published, verifiable reporting. I have delivered the easiest-to-understand account of this story without making it simplistic or dumb.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.